25/04/2012 (The Star) - The addition of RBD palm olein on Bursa Suq Al-Sila' (BSAS) has strengthened the commodity trading platform's position to facilitate Islamic finance needs.

Bursa Malaysia chief executive officer Datuk Tajuddin Atan said the move was foreseen to further boost trading volume and meet the demand for larger offerings particularly from clients in the Middle East.

“This will also increase the visibility of crude palm oil, the star crop in this region, and allow for greater participation from commodity players and refiners,” he said in a statement.

Trading in RBD palm olein began on April 17 on BSAS, which is the world's first end-to-end syariah-compliant commodity trading platform. About RM75mil worth of trades were recorded as of Monday.